South Korea's largest pallet and forklift rental group, LogisAll Group, has signed a strategic Memorandum of Understanding (MOU) with Farmers Lab Ltd, the developer of the BK Conveyor Culture (BKCC) system, to develop a rental-based, globally scalable smart farming platform.
Traditional vertical farming has struggled to scale due to high upfront capital expenditure, operational complexity, and heavy labor dependency. The LogisAll–Farmers Lab collaboration directly targets these structural barriers by combining LogisAll's established rental and asset lifecycle management model with Farmers Lab's labor-efficient, standardized BKCC production system. Together, the two companies aim to create an asset-light farming model in which capital deployment can be modular, repeatable, and attractive to institutional and strategic investors.
© Farmers Lab LtdRepresentatives of LogisAll Group and Farmers Lab Ltd display signed MOU documents following their agreement to develop a rental-based smart farming platform in Seoul, South Korea.
A core objective of the MOU is the development of a standardized smart farm package that can be exported globally with minimal redesign. The partners plan to develop country-adaptable BKCC rental modules, establish standard operating and training systems suitable for local partners, and collaborate with overseas investors, operators, and public-sector entities. Initial expansion targets include the Asia-Pacific region, the Middle East, and other emerging agri-tech markets. This approach is intended to enable faster market entry while reducing execution risk for international stakeholders.
The BK Conveyor Culture system is designed to scale in line with capital deployment. Its
© Farmers Lab Ltd horizontally revolving tray structure supports predictable daily output, low labor intensity, and operational stability, conditions that are essential for scalable investment models. Compared to fixed-rack systems, BKCC can reduce labor requirements by up to 70 percent, while simplifying workflows and enabling standardized training. The system also offers multi-crop flexibility for diversified revenue streams and is compatible with rental, leasing, and project finance structures. These characteristics make BKCC well suited to portfolio-based expansion, where multiple sites can be deployed and managed under a single operational framework.
Both companies stated that the MOU represents an initial step toward building a platform capable of absorbing growth capital and scaling internationally. "This is not a single project model, but a repeatable platform designed to grow with investment," said a representative from Farmers Lab. "Our goal is to work with partners and investors who share a long-term view of smart agriculture as infrastructure, not just farming."
"This partnership is about building a repeatable platform rather than a single project, combining rental infrastructure with practical farming technology," said Seungwan Lee, Founder of Farmers Lab Ltd.
For more information:
Farmers Lab Ltd.
Email: [email protected]
bkgreenhouses.com/
